FSA 'not adequately addressing' financially excluded

In its latest report on financial inclusion, the committee says it welcomes the “limited steps” the FSA has taken to improve financial capability, but it recommends the FSA sets and achieves targets to reach individuals. It states: “Reaching the financially excluded will require much more active engagement rather than just distributing leaflets or putting information on a website.” The committee believes the FSA is the right body to coordinate the national strategy, but it says the FSA has made little progress in identifying and drawing extra funding for financial capability work or d...